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foseco india ltd (FSC) Details

Foseco India Limited manufactures and sells additives and consumables used in the metallurgical industry in India. Its principal products include feeding aids, filtrations, ferrous and non-ferrous metal treatments, binders, coatings, molten metal transfers, and molding materials. The company also exports its products primarily to the Middle East, ASEAN, and China. Foseco India Limited was founded in 1932 and is headquartered in Shirur, India. Foseco India Limited is a subsidiary of Foseco Overseas Limited.

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Foseco India Limited, Annual General Meeting, Mar 27, 2015

Mar 4 15

Foseco India Limited, Annual General Meeting, Mar 27, 2015., at 12:00 Indian Standard Time. Location: Gat Nos. 922 & 923. Agenda: To receive, consider and adopt the audited balance sheet of the company as at December 31, 2014, the statement of profit & loss and the cash flow statement for the financial year ended on that date including any explanatory note annexed to, or forming part of, the aforementioned documents, together with the reports of the board of directors and the auditors thereon; to declare a final dividend on the equity shares for the financial year ended 31 December 2014; to appoint the statutory auditors and to fix their remuneration; to consider appointment of Merryl France Durrenbach as a Director of the Company; and to consider appointment of Indira Parikh as an Independent Director of the Company.

Foseco India Limited reported unaudited standalone earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales/income from operations of INR 629.890 million compared to INR 555.347 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 90.130 million compared to INR 30.101 million a year ago. Profit from ordinary activities before tax was INR 102.670 million compared to INR 35.511 million a year ago. Net profit for the period was INR 68.164 million or INR 10.67 per basic and diluted share compared to INR 21.571 million or INR 3.38 per basic and diluted share for the same period a year ago.
For the year, the company reported net sales/income from operations of INR 2,585.398 million compared to INR 2,241.246 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 245.442 million compared to INR 248.544 million a year ago. Profit from ordinary activities before tax was INR 377.353 million compared to INR 271.353 million a year ago. Net profit for the period was INR 245.901 million or INR 38.50 per basic and diluted share compared to INR 178.205 million or INR 27.90 per basic and diluted share for the same period a year ago.

Foseco India Recommends Final Dividend

Jan 28 15

Foseco India Limited announced that the Board of Directors of the company has recommended payment of a final dividend of INR 10 per equity share of INR 10 each for the year 2014. The final dividend is subject To Approve the shareholders at the next Annual General Meeting of the company.

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